Reported by: Carmo Moniz and Tori Morales

Cindy Tappe, NYU’s former director of finance and research, is facing multiple felony charges after she was found to have redirected millions of dollars in New York state education grants to shell companies over the span of six years. Tappe, who left NYU in 2018 after the university reported her activities to the New York State Education Department, has been charged with money laundering, grand larceny and four other felonies. 

Tappe stole $3.5 million in grants intended for women and minority-owned businesses, and rerouted $3.3 million to two shell companies — High Galaxy Inc. and PCM Group Inc. Tappe kept over $660,000 for personal purchases, including renovations to her home in Connecticut and the construction of an $80,000 pool, according to Manhattan district attorney Alvin Bragg.

Read full report: https://nyunews.com/news/2022/12/20/ex-nyu-employee-faces-embezzlement-charges/